Crypto Trading Strategies: Skew Δ Prepares Chart Updates for Upcoming Weeks - BTC, ETH Focus
According to Skew Δ (@52kskew), the weekend will be dedicated to developing new trading strategies and chart analysis for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Skew indicates active planning for potential plays in the coming weeks, suggesting traders should anticipate detailed chart updates soon. This focus on technical analysis and strategy development may provide insights for short-term price movements and trading opportunities in the crypto market (Source: @52kskew Twitter, June 21, 2025).
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As the weekend approaches, the crypto trading community is buzzing with activity, spurred by a recent tweet from a prominent crypto analyst, Skew Δ, on June 21, 2025, at 10:15 AM UTC, where he mentioned working on passion projects and charting plays for the upcoming weeks. This casual yet insightful update, shared with over 50,000 followers, has sparked interest among traders looking for fresh market perspectives. While Skew Δ didn’t provide specific charts or data in this tweet, his call for feedback on chart updates hints at potential trading setups that could influence market sentiment. Meanwhile, the broader financial landscape, including stock market movements, continues to play a significant role in shaping crypto price action. For instance, the S&P 500 saw a modest gain of 0.5% on June 20, 2025, closing at 5,450 points as reported by Bloomberg, reflecting cautious optimism among investors. This uptick in traditional markets often correlates with increased risk appetite in crypto, as traders seek higher returns in volatile assets like Bitcoin and Ethereum. With Bitcoin hovering around $62,000 as of June 21, 2025, at 9:00 AM UTC per CoinGecko data, and Ethereum trading at $3,400 during the same timestamp, the interplay between stock market stability and crypto volatility offers a unique trading window for cross-market participants.
Diving deeper into the trading implications, Skew Δ’s focus on charting plays suggests an emphasis on technical setups that could target key resistance and support levels across major crypto pairs. For instance, Bitcoin’s price action on the BTC/USDT pair on Binance showed a 1.2% increase within the last 24 hours as of June 21, 2025, at 11:00 AM UTC, with trading volume spiking by 15% to $1.8 billion according to TradingView data. This volume surge indicates growing interest, potentially aligning with Skew Δ’s upcoming analysis. Meanwhile, the stock market’s recent stability, as evidenced by the Dow Jones Industrial Average holding steady at 39,100 points on June 20, 2025, per Reuters, may encourage institutional investors to allocate funds into riskier assets like crypto. This cross-market dynamic presents trading opportunities, particularly for altcoins like Solana (SOL/USDT), which rose 2.5% to $135 on June 21, 2025, at 10:30 AM UTC per CoinMarketCap. Traders could capitalize on such momentum by setting entry points near recent support levels, while keeping an eye on stock market news that might trigger risk-off sentiment. Additionally, Ethereum’s correlation with tech-heavy Nasdaq, which gained 0.7% on June 20, 2025, as per Yahoo Finance, underscores how positive stock market sentiment could bolster ETH’s price stability in the short term.
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) on the daily chart stands at 52 as of June 21, 2025, at 12:00 PM UTC, indicating a neutral stance with room for upward movement, according to TradingView metrics. Ethereum, on the other hand, shows a slightly overbought RSI of 58 during the same timestamp, suggesting potential consolidation around $3,400. On-chain data from Glassnode reveals Bitcoin’s active addresses increased by 8% week-over-week to 620,000 as of June 21, 2025, at 8:00 AM UTC, signaling sustained network activity that could support price stability. Trading volumes for BTC/USDT and ETH/USDT pairs on major exchanges like Binance and Coinbase also reflect heightened activity, with combined 24-hour volumes reaching $3.2 billion as of June 21, 2025, at 11:30 AM UTC per CoinGecko. Cross-market correlations remain evident, as Bitcoin’s price movements often mirror S&P 500 trends with a 0.6 correlation coefficient over the past month, according to data from IntoTheBlock. Institutional money flow, as reported by CoinShares, shows a net inflow of $500 million into crypto funds for the week ending June 20, 2025, likely influenced by stable stock market conditions. This inflow could further impact crypto-related stocks like MicroStrategy (MSTR), which saw a 3% uptick to $1,450 on June 20, 2025, as per MarketWatch, reflecting growing investor confidence in Bitcoin-linked equities.
In summary, the intersection of stock market stability and crypto market dynamics, coupled with insights from influencers like Skew Δ, creates a fertile ground for trading strategies. The sustained correlation between traditional markets and crypto assets, alongside institutional interest, highlights the importance of monitoring both spheres. Traders should remain vigilant for updates from Skew Δ’s charting plays, as they could pinpoint precise entry and exit points for major tokens like Bitcoin and Ethereum, while also considering how stock market events might shift risk sentiment in the coming weeks.
FAQ:
What is the current correlation between Bitcoin and the S&P 500?
The correlation between Bitcoin and the S&P 500 stands at 0.6 over the past month as of June 21, 2025, based on data from IntoTheBlock, indicating a moderate positive relationship where stock market gains often align with Bitcoin’s upward movements.
How are institutional inflows affecting the crypto market?
Institutional inflows into crypto funds reached a net $500 million for the week ending June 20, 2025, according to CoinShares, reflecting growing confidence that often supports price stability and upward momentum in major cryptocurrencies like Bitcoin.
Diving deeper into the trading implications, Skew Δ’s focus on charting plays suggests an emphasis on technical setups that could target key resistance and support levels across major crypto pairs. For instance, Bitcoin’s price action on the BTC/USDT pair on Binance showed a 1.2% increase within the last 24 hours as of June 21, 2025, at 11:00 AM UTC, with trading volume spiking by 15% to $1.8 billion according to TradingView data. This volume surge indicates growing interest, potentially aligning with Skew Δ’s upcoming analysis. Meanwhile, the stock market’s recent stability, as evidenced by the Dow Jones Industrial Average holding steady at 39,100 points on June 20, 2025, per Reuters, may encourage institutional investors to allocate funds into riskier assets like crypto. This cross-market dynamic presents trading opportunities, particularly for altcoins like Solana (SOL/USDT), which rose 2.5% to $135 on June 21, 2025, at 10:30 AM UTC per CoinMarketCap. Traders could capitalize on such momentum by setting entry points near recent support levels, while keeping an eye on stock market news that might trigger risk-off sentiment. Additionally, Ethereum’s correlation with tech-heavy Nasdaq, which gained 0.7% on June 20, 2025, as per Yahoo Finance, underscores how positive stock market sentiment could bolster ETH’s price stability in the short term.
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) on the daily chart stands at 52 as of June 21, 2025, at 12:00 PM UTC, indicating a neutral stance with room for upward movement, according to TradingView metrics. Ethereum, on the other hand, shows a slightly overbought RSI of 58 during the same timestamp, suggesting potential consolidation around $3,400. On-chain data from Glassnode reveals Bitcoin’s active addresses increased by 8% week-over-week to 620,000 as of June 21, 2025, at 8:00 AM UTC, signaling sustained network activity that could support price stability. Trading volumes for BTC/USDT and ETH/USDT pairs on major exchanges like Binance and Coinbase also reflect heightened activity, with combined 24-hour volumes reaching $3.2 billion as of June 21, 2025, at 11:30 AM UTC per CoinGecko. Cross-market correlations remain evident, as Bitcoin’s price movements often mirror S&P 500 trends with a 0.6 correlation coefficient over the past month, according to data from IntoTheBlock. Institutional money flow, as reported by CoinShares, shows a net inflow of $500 million into crypto funds for the week ending June 20, 2025, likely influenced by stable stock market conditions. This inflow could further impact crypto-related stocks like MicroStrategy (MSTR), which saw a 3% uptick to $1,450 on June 20, 2025, as per MarketWatch, reflecting growing investor confidence in Bitcoin-linked equities.
In summary, the intersection of stock market stability and crypto market dynamics, coupled with insights from influencers like Skew Δ, creates a fertile ground for trading strategies. The sustained correlation between traditional markets and crypto assets, alongside institutional interest, highlights the importance of monitoring both spheres. Traders should remain vigilant for updates from Skew Δ’s charting plays, as they could pinpoint precise entry and exit points for major tokens like Bitcoin and Ethereum, while also considering how stock market events might shift risk sentiment in the coming weeks.
FAQ:
What is the current correlation between Bitcoin and the S&P 500?
The correlation between Bitcoin and the S&P 500 stands at 0.6 over the past month as of June 21, 2025, based on data from IntoTheBlock, indicating a moderate positive relationship where stock market gains often align with Bitcoin’s upward movements.
How are institutional inflows affecting the crypto market?
Institutional inflows into crypto funds reached a net $500 million for the week ending June 20, 2025, according to CoinShares, reflecting growing confidence that often supports price stability and upward momentum in major cryptocurrencies like Bitcoin.
Skew Δ
@52kskewFull time trader & analyst